Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

A Member of the Law Professor Blogs Network

Wednesday, April 24, 2013

John duPont Estate Sold For Record Prices

Estate DisputeJohn duPont lived an interesting life and accumulated an interesting number of personal effects. So much so that portions of his estate are still appearing at auctions across the globe and earning a ridiculously large amount of wealth. For example, a British collector purchased his valuable stamp collection for $200,000. This is only one example. According to Delaware Online, "[m]ore of his estimated half-billion-dollar estate will continue to go on the market."

DuPont life ended on tail end of tragedy. In the late 1990s, duPont was found guilty but mentally ill for the murder of Olympic gold medal winner, David Schultz. He was sentenced to 30 years in prison. He recently died in prison at the age of 72. The jury's finding resulted in several court challenges to duPont's mental competency to sign the last changed will that he wrote. Among the parties challenging his will are "DuPont family members, the Delaware Museum of Natural History, two wrestlers and coaches have been among the plaintiffs in a barrage of law suits contesting the will." His will passed most of his estate to his wife and a Bulgarian wrestler. He also left some to attorney who also served as the executor of his estate.

See Harry F. Themal, More John duPont Estate Sold At Record Prices, Delaware Online, Apr. 21, 2013.

http://lawprofessors.typepad.com/trusts_estates_prof/2013/04/john-dupont-estate-sold-for-record-prices.html

Current Events, Estate Planning - Generally, Wills | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef017d43075d59970c

Listed below are links to weblogs that reference John duPont Estate Sold For Record Prices:

Comments

Post a comment